George Cope and Device Costs

BCE Inc.: Those higher device costs obviously, in the end, get passed through to the consumer, said Cope, according to The Toronto Star. The loonie rose above 73 cents for the first time this year on Thursday morning after closing at 72.61 cents Wednesday. The Canadian dollar weakness — it does probably foreshadow some price increases from our manufacturers at some point, said George Cope on a conference call with analysts after BCE Inc. released its fourth-quarter results. It likely BCE has already tried to account for creeping costs as it pays for devices in U.S. dollars, said Dave Heger, a senior equity analyst at Edward Jones. Cope said the company implemented those increases mostly to help it make capital investments. Bell recently hiked prices on monthly contracts by $5 for new customers, and lowered savings for those signing new contracts who already own their own device. (news.financializer.com). As reported in the news.